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European Metals - Quarterly Activities Release

29th Jan 2016 10:06

RNS Number : 4457N
Rare Earth Minerals PLC
29 January 2016
 

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

 

European Metals - Quarterly Activities Release

 

European Metal Holdings Limited ("European Metals"), in which REM owns a direct 11.87% shareholding, has today released a quarterly activities report, showing continued progress in the development of its 100% owned globally significant Cinovec Lithium/Tin Project in Czech Republic. The full new release is available at:

http://europeanmet.com/assets/29_Jan_2016_-_EMH_Quarterly_Reports_copy_1.pdf

 

The highlights of the news release are:

· Admitted to trading on AIM in London

 

· Appointment of Kiran Morzaria to the Board

 

· Completion of Competent Persons' Report by Wardell Armstrong International

 

· Successful continuation of drill program at Cinovec Lithium/Tin project

 

· Confirmation of robustness and consistency of Cinovec ore body from assay results

 

· Lithium carbonate production cost including tin/tungsten by-product credits estimated to be approximately $800/t

 

· Rare Earth Minerals increases stake in the Company to approximately 12%

 

· Collection of lithium bulk sample completed to facilitate further metallurgical test work

 

- Ends -

 

For further information please contact: 

 

Rare Earth Minerals plc +44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

 WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666

James Joyce

Mark Leonard

 

Square1 Consulting +44 (0) 207 929 5599

David Bick

Brain Alexander

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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